In the second quarter, Container Store beat a Wall Street estimate as sales and earnings rose versus the 2020 and 2019 periods. Net income was $27.2 million in the quarter compared to $20.2 million in the 2020 period, while earnings per share were 54 cents compared to...
In a changing shopping world, Walmart is using technology in its holiday outreach to consumers, one that even uses facial expressions to facilitate browsing for purchases and gifts, Kara Rousseau, vp/marketing, Walmart Connect, revealed in a blog post. The Facebook...
Despite headwinds including supply chain challenges, labor shortages and inflation, National Retail Federation president Matthew Shay said in a press event introducing the NRF holiday forecast that “very, very strong” momentum based on consumer spending has the...
As part of multiple executive moves, BJ’s Wholesale Club Holdings has appointed Rachael Vegas evp, chief merchandising officer. She will take on strategic leadership of the company’s merchandising and assortment planning and allocation functions, reporting to Paul...
After a long search, JCPenney has announced the appointment of a CEO, Marc Rosen, an executive who has long experience at Levi Strauss & Co. and Walmart. At the same time, the retailer announced that Stanley Shashoua, Simon Property Group chief investment officer,...
